Funding guide

Department of Treasury - New Markets Tax Credit Program


Broadband Funding Guide

Department of Treasury


Federal Agency

Community Development Financial Institutions Fund (CDFI Fund)

Agency Overview

The U.S. Department of Treasury’s Community Development Financial Institutions Fund (the CDFI Fund) mission is to expand economic opportunity for underserved people and communities by supporting the growth and capacity of a national network of community development lenders, investors, and financial service providers.

Program Name

New Markets Tax Credit Program

Program Overview

Over the past decade, our nation’s low-income communities have suffered due to factors such as dormant manufacturing facilities, inadequate education and healthcare services, vacant commercial properties, and lower property values. As a result, many of these communities find it difficult to attract the necessary capital from private investors. The New Markets Tax Credit Program (NMTC Program) helps economically distressed communities attract private capital by providing investors with a Federal tax credit. Investments made through the NMTC Program are used to finance businesses, breathing new life into neglected, underserved low-income communities.

Program Purpose
  • Broadband Infrastructure (e.g. construction)
Eligible Recipients
  • Other: Community Development Entities (CDEs)

Agency Contact

NMTC Help Desk (202) 653-0421, cdfihelp@cdfi.treas.gov

Funding Type

Tax Credit

FY2018 Funding Amount

$3,500,000,000